The age-old debate is back and it isn’t going anywhere soon. Homeowners have struggled with this decision for years. On the one hand, moving is a fresh start and it’s incredibly exciting. On the other, staying is easier, simpler, and less hassle. Oh, and it’s cheaper which is always worth pointing out. #Thrifty. If you’re in the grips of a dilemma, then it can seem as if there are no answers to your prayers. Why hath you forsaken me, God?!
He hasn’t. Instead, he’s used this post to guide you through the darkness and into the light. Hallelujah and praise the Lord.
Does Size Matter?
Regarding moving versus improving, you’re damn right it matters. The intro alluded to stress and it’s something to go into in more detail. The last thing anyone wants is to spend days, weeks or even months waiting to live in a liveable home. Moving usually means there is an element of displacement involved. However, a renovation isn’t an angel. Some take days, such as carpet installation or a new kitchen, whereas others, such as a pool, take months. A savvy trick is to gauge which option will cause you less hassle in the long-term. It’s not the be all and end all, but it’s worth considering.
Will You Earn It Back?
The money. Most of us don’t see a house as an investment. Sure, it’s an asset with a lot of value yet that isn’t the main reason to buy one. Typically, it’s a place to live comfortably and enjoy life while raising the kids. However, you have to see the business side of the deal too. The same goes for a renovation. The equipment on the James Oliver home page is a potential money-maker, not just a tool to make the property look pretty. As with size, it’s crucial that you analyse the ROI. Which one offers a higher return: moving or renovating?
Are You Financially Stable?
Let’s face facts and admit that money is an issue. The majority of us don’t have enough to go around, which is depressing. It’s also a factor in the moving or improving debate. As a rule, renovating a property costs less than moving. There are anomalies but they tend to prove the rule rather than disprove it. When cash flow is a problem, it’s usually best to opt for the cheapest option. Unless there are ways around the financial restrictions, it’s better to play it safe.
Is One Enough?
Right, that’s it. We’re never going to move again. Then, 24 months later, you’re looking at properties online. Wanting something bigger and better is human nature which is why homeowners can’t help rinse and repeat. When there is a fire burning in your belly, it’s probably not a good idea to renovate. Unless the improvement is going to make a huge difference, what is the point? Even if it isn’t a waste of money, it may be a waste of time and energy.
On which side of the fence do you stand: to move or to improve?